Comment Text:
i0-001
COMMENT
CL-06002
From:
Sent:
To:
Subject:
Ken Crawley
Thursday, March 4, 2010 12:45 PM
secretary
Regulation of Retail Forex
Dear sir:
I have been a forex trader for over 4 years. I went into trading
forex with my eyes open and selected a rationale leverage of
100:1.
The proposed rule to limit the leverage to 10:1 is utterly insane.
The only way to truly have a liquid market is to have the largest
number of participants .... going to the proposed leverage will do just
the opposite.
The reason I really love trading the forex market is to watch
carefully the stupid, foolhardy actions of governments and then
make money off their ineptitude!
Is it possible our government is trying to restrict trading based on
my observation stated above? Surely no one in their right mind
would run our government the way it is being run. Just as sure as
night follows day the chickens are coming home to roost. I will be
judiously trading in forex picking the plums that have been
provided by the illogical actions.
I state again: I AM AGAINST RESTRICTING THE LEVERAGE IN
FOREX
TO 10:1. Allow the little man a chance to trade like anyone
else!
Ken Crawley
843.450.4433
